SBI Q4 results
SBI Q4 Results: PAT jumps 24% YoY to Rs 20,698 crore, beats estimates
SBI Q4 Results: The Net interest income or NII for the January-March quarter stood at Rs 41,655 crore, up 3% YoY to over Rs 40,393 crore, while for FY24 the figure stood at Rs 1,59,876 crore, a 10% jump over the last financial year. The Board has also recommended a dividend of Rs 13.70/share. Interest earned during Q4 advanced 19% YoY to Rs 1,11,043 crore.
SBI share price can surge up to Rs 1,000, say bulls after Q4 results
SBI Share Price: SBI's robust Q4 earnings, with a net profit of Rs 20,698 crore, garnered bullish sentiments from various brokerages. Nomura, JP Morgan, Nuvama, KIE, Motilal Oswal, and Emkay Global maintain buy ratings with target prices ranging from Rs 820 to Rs 1,000, anticipating sustained growth and favorable prospects.
SBI Q4 net profit surges 24% to a record
Unlike last quarter, the bank did not have to make any provisions for revision of wages and pensions. The Mumbai-based bank has kept a ₹1,700-crore buffer for any future pension needs.
SBI Q4 Results Live Update: SBI posts higher-than-expected PAT at Rs 20,698 crore; dividend of Rs 13,70/share announced
SBI Q4 Results Live Update: On Thursday, the State Bank of India (SBI) announced a standalone net profit of Rs 20,698 crore for the quarter ending March 31, 2024, marking a 24% year-on-year increase from Rs 16,694 crore reported in the corresponding period last year. The reported profit surpassed the Street's estimate of Rs 16,695 crore.
SBI Q4 Results: PAT zooms 83% YoY to Rs 16,695 crore; NII up 29%
India's largest bank State Bank of India (SBI) reported an 83% growth in standalone net profit at Rs 16,695 crore for the quarter ended March. It was Rs 9,113 crore in the same quarter last year. The Board declared a dividend of Rs 11.30 per equity share (1130%) for the financial year ended March 2023. The date of payment is fixed on June 14. Net interest income for the fourth quarter rose 29% to Rs 40,393 crore, compared with Rs 31,198 crore in the corresponding quarter of last year. SBI Q4 Results: PAT zooms 83% YoY to Rs 16,695 crore; NII up 29%
SBI Q4 Results: PAT zooms 83% YoY to Rs 16,695 crore; NII up 29%
India's largest bank State Bank of India (SBI) reported an 83% growth in standalone net profit at Rs 16,695 crore for the quarter ended March. It was Rs 9,113 crore in the same quarter last year. The Board declared a dividend of Rs 11.30 per equity share (1130%) for the financial year ended March 2023. The date of payment is fixed on June 14. Net interest income for the fourth quarter rose 29% to Rs 40,393 crore, compared with Rs 31,198 crore in the corresponding quarter of last year. SBI Q4 Results: PAT zooms 83% YoY to Rs 16,695 crore; NII up 29%
SBI Q4 Results Preview: Here's what to expect from India's largest lender
A double-digit growth in the loan book and interest income, coupled with steady profitability and lower provisions is likely to help State Bank of India put up a stellar show in the March quarter. The country’s largest lender is seen reporting a sharp 66% year-on-year (YoY) growth in net profit for the March quarter to Rs 15,100 crore, according to the average of estimates by 9 brokerages. Net interest income, the difference between interest earned and interest expended, is seen rising 26% YoY to Rs 39,352 crore.SBI Q4 Results Preview: Here's what to expect from India's largest lender
SBI’s Rs 50,000 crore FY23 PAT is first ever by any bank. Know what brokerages say
State Bank of India's (SBI) stock gained nearly 2% in the early trade on Friday after the state-lender reported a better than estimated Q4FY23 earnings on Thursday. SBI reported an 83% growth in standalone net profit at Rs 16,695 crore for the quarter ended March 31, 2023. It was Rs 9,113 crore in the same quarter last year. Net interest income for the fourth quarter rose 29% to Rs 40,393 crore, compared with
SBI Q4 Results: Net profit zooms 83% YoY to Rs 16,695 crore, beats estimates
The Board declared a dividend of Rs 11.30 per equity share (1130%) for the financial year ended March 2023. The date of payment is fixed on June 14.
SBI Q4 results today: Predictions, technical outlook and how the stock may react
SBI is a PSU bank stock that is under investor radar as it is set to report its March quarter numbers later in the day. Street is factoring in a strong double-digit growth in both loan book and net interest income with Motilal Oswal's profit growth estimate going as high as 66.4%. Motilal Oswal sees healthy traction in loan growth but all eyes would be on the outlook. Kotak Equities predicts that SBI will see stable net interest margin
SBI Q4 Results: Net profit jumps 41% YoY but misses estimates; dividend of Rs 7.10 declared
The company said its provisions for bad loans came down to nearly a third of the level year ago. It kept aside Rs 3,262 crore during the quarter, compared to Rs 9,914 crore. Though the total provision for contingencies including those for bad loans stood at Rs 7,237 crore compared to Rs 11,051 crore.
SBI Q4 preview: Lender to see another strong quarter, PAT to grow up to 57%
ICICI Securities said it expects SBI to deliver over 13 per cent core RoE aided by growth build-up, contained credit cost and steady margin profile.
SBI at Rs 710? What makes analysts see up to 56% upside in the stock
Calling the stock 'attractively valued' analysts have price targets that hint at up to 56 per cent upside for the counter. Loan growth surprised positively and this improvement will be the key catalyst for the stock, said Nomura India, which has a target of Rs 615 on the stock.
By 2023, SBI will be nearer 15% ROE, rate hikes to boost NIMs: Dinesh Kumar Khara
“Inflation is a function of multiple variables and a major component is fuel-led inflation and also the edible oil-led inflation both of which are essentially on account of the imports which we are having. Going forward, how these two very important factors behave will probably give the trajectory for inflation.”
SBI asset quality has improved, loan growth in double digits: Saurabh Jain
“There has been an aging of some of the loans. In the last quarter also, loan loss provision was higher and this time around I guess the same thing must have happened because the slippages have been managed quite well by the bank and the NPA figures have also come down.”
SBI Q4 Results: Profit rises 41% YoY but misses estimates; NII jumps 15%, provisions decrease
State Bank of India on Friday reported a 41.27 per cent jump in standalone net profit for the quarter ending March at Rs 9,113.53 crore, up from Rs 6,450.75 crore in the same quarter a year ago. This is significantly lower that Rs 10,000 crore that an ET Now analyst poll had estimated. The board of the lender approved Rs 7.10 per share dividend. The record date for the purpose is May 26, 2022. SBI's net interest income for the reported quarter came in 15.26 per cent higher at Rs 31,198 crore as against Rs 27,067 crore the company announced last year.SBI Q4 Results: Profit rises 41% YoY but misses estimates; NII jumps 15%, provisions decrease
Believe that 10% credit growth is achievable: Ashwani Bhatia, SBI
"When we talk about the corporate book, it is more a function of how the economy is doing. Assuming that the retail book will remain robust, we are actually already seeing a decent number of enquiries coming in."
I would like to keep credit costs at this level, says SBI's Dinesh Khara
“Though I would prefer to keep the credit costs at these levels, let us see how things evolve because it will be a function of the macro and how the book behaves going forward. . I would ideally like to bring cost to income ratio below 50”
SBI Q4 Results preview: Will SBI deliver Street-beating numbers today?
All eyes will be on the impact of Covid 2.0 wave on non-performing assets and growth outlook.
SBI Q4 results: Net profit soars 80% YoY as provisions drop
The bank’s board declared a dividend of Rs. 4 per share for the financial year ended March.
SBI gains market share, 21% loans on EMI freeze: Key Q4 takeaways
The bank’s bad loan volume rose by about a Rs 1,000 crore to Rs 8,105 crore.
SBI still hasn’t given up on corporate lending: Rajnish Kumar
We are maintaining a portfolio mix of 58 for retail and 42 for corporate, says SBI chair.
Spike in provisions hits SBI’s bottom line in Q4: Key takeaways
SBI has reported a profit of Rs 838.40 crore for Q4 against a loss of Rs 7,718.17 crore.
SBI Q4 profit way below Street estimates at Rs 838 crore; NPAs ease, but provisions rise sharply QoQ
Gross NPAs declined to Rs 1.73 lakh crore from Rs 1.88 lakh crore on a sequential basis.
SBI Q4 results: Here’s what brokerages are projecting
ICICIdirect sees SBI posting a profit of Rs 2,940 crore for March quarter.
SBI Q4 results: Profit jumps four-fold to Rs 3,581 crore, exceeds Street estimates
The profit figure came in way higher than Rs 2,000 crore estimated by analysts in an ET NOW poll.
SBI Q4 results preview: Multi-fold jump in profit likely on SBI Card proceeds; focus on SME segment
ICICI Securities said SBI Card IPO to give provide Rs 3,000 crore boost to other income.
SBI set to return to the black in H1 FY19: Rajnish Kumar
"We've taken many measures internally to strengthen the organisation to handle, particularly, the corporate credit and stressed assets. With all organisational structure and risk management practices being in place, I am very bullish that this year State Bank of India will be doing exceedingly well," SBI chairman Rajnish Kumar tells ET Now's Neha Bothra. Kumar asserts the state-run lender will return to the black in the first half of FY19. Listen-in.SBI set to return to the black in H1 FY19: Rajnish Kumar
SBI reports second straight quarterly loss: 5 key takeaways
The bank's net loss widened to Rs 7,718 crore in Q4 over loss of Rs 3,442 crore last year.
Why SBI stock jumped 6% despite posting record loss
Total advances of the bank for the quarter stood at Rs 20,48,387 crore, a 4.91 per cent rise.
SBI reports loss of Rs 7,718 crore in Q4 as NPA provisions jump
State bank of India(SBI) on Tuesday reported a whopping Rs 7,718 crore loss for March quarter, as NPA provisions doubled to Rs 22,096 crore from Rs 11,740 crore reported for the same quarter last year. NPA provisions stood at Rs 18,876 crore for December quarter. The PSU lender had reported Rs 2,814.82 crore loss in the corresponding quarter last year.SBI reports loss of Rs 7,718 crore in Q4 as NPA provisions jump
SBI Q4 loss at Rs 7,718 crore as NPA provisions jump
GNPAs for the quarter rose to 10.91 per cent from 10.35 per cent in the December quarter.
SBI Q4 results today: Will the bank again shock D-Street?
The country’s largest lender had reported a shock loss of Rs 2,416 cr for December quarter.
SBI's Q4 results unlikely to throw up negative surprises
Analysts expect SBI to report net profit of Rs 3,400 cr to Rs 3,550 cr and net interest margin of about 4%, but concerns over asset quality are likely to remain.
